Russia cuts expected 2026 oil output to 17-year low, says report; what it means for India
Russia's crude oil output is projected to drop to 494.2 million tonnes in 2026, the lowest since 2009, a decline of 17.2 million tonnes. Despite this, crude exports to India are expected to rise to 244.7 million tonnes, reflecting a shift due to domestic production disruptions. The final forecast will be confirmed in September 2026, impacting global oil markets.